Goldman Sachs Upgrades Portland General Electric Company (POR) to Buy

Goldman Sachs upgraded Portland General Electric Company (NYSE: POR) from Neutral to Buy with a price target of $34.00 (from $31.00).

Analyst Michael Lapides said, "We believe POR will benefit from (1) industry-leading EPS growth, (2) lower regulatory risk after the partial settlement of its general rate case, (3) the removal of a financing overhang after the announcement of an equity forward agreement on June 10, and (4) attractive valuation upside on both a relative and absolute basis."

For an analyst ratings summary and ratings history on Portland General Electric Company click here. For more ratings news on Portland General Electric Company click here. Shares of Portland General Electric Company closed at $29.78 yesterday, with a 52 week range of $24.86-$32.91.